SAVE LESS SPEND MORE ================== Taking the cue from macro economic view where spending in economy should be more than reserve fund we can think on micro economic front where an individual should save less and spend more .This article is little away from traditional thinking on Indian economy so purely my thinking only and Indian present youths who start their career now can think this idea may be good for economy .My idea is deposit less spend more .If 30% of populations above BPL increased daily spending to more than Rs 100 already spending daily for another just 5 years then our economy will run smoothly .More products --more sell --more economic activities ---more job .I donot know why we 30% people who can afford spending daily Rs 200 save more than 40 % of earning as saving .Saving is ok but just 5% is enough .If your daily earning is Rs 1000 to 2000 ( monthly salary Rs 30000 on present inflation ) then why we save more because more savings actually does not help in future due to high inflation .So to contain inflation people should spend more .I say spend 30% of earning on variable expenses and 50% on fixed expenses and just save 5% daily and balance for cushoning for earning and spending .I think Indian economy will be robust very soon .I put my weight on the strength of our populations .Why India to fear for recession as India has strong populations to stand by .Now if the 30% of already spending people can be increased to 50% by developing Rural India and bringing more people on spending then imagine the vibrancy of economy .THINK DIFFERENTLY
Posted on: Tue, 18 Jun 2013 17:46:24 +0000
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